Tag #Defense Budget

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Global Military Spending Reaches Record High in 2024

Global military spending increased by 9.4% in 2024, the largest rise since the Cold War, driven by heightened geopolitical tensions; Europe saw a 17% increase, with Germany's spending surpassing India's; the US spent $997 billion, comprising 37% of global spending.

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Global Military Spending Hits Record High of $2.72 Trillion in 2024

Global military spending hit a record $2.72 trillion in 2024, a 9.4% increase from 2023, driven by the war in Ukraine and regional tensions; the U.S. spent $997 billion, while China spent $314 billion, and Russia's spending surged by 38% to $149 billion.

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Global Military Spending Soars to $2.2 Trillion in 2024

Global military spending reached $2,200 billion in 2024, a 7.1% increase driven largely by the war in Ukraine ($64.7 billion spent, 34% of GDP) and Russia's increased investment ($149 billion, 38% increase from 2023). Many European nations also increased spending, while the US accounted for 37% of g...

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Rutte Urges Increased NATO Funding Amidst Concerns About Alliance's Future

NATO Secretary-General Mark Rutte urged increased funding and political commitment from all 32 member countries by 2025 to maintain military advantage, amid concerns from US officials about NATO's future and only 22 allies reaching the 2% GDP military spending target in 2024, down from a projected 2...

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Spain Announces Record Defense Spending Increase

Spain will invest an additional €10.471 billion in defense spending in 2025, reaching 2% of its GDP to meet NATO requirements, despite internal political opposition and previous prioritization of climate initiatives.

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Spain's Sánchez Announces €10.471 Billion Defense Spending Increase, Bypassing Congress

Spain's Prime Minister Pedro Sánchez announced a €10.471 billion increase in defense spending to reach 2% of GDP, bypassing Congress and facing immediate criticism from the opposition Popular Party (PP) and coalition partner Sumar for its lack of transparency and democratic legitimacy.

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Global Military Spending Surges in 2024

In 2024, global military spending increased significantly, with Russia's spending reaching \$149 billion (38% increase), Germany's reaching \$88.5 billion (28% increase), and Ukraine's reaching \$64.7 billion (34% of its GDP).

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Global Military Spending Reaches Record High in 2024

Global military spending hit a record $2.72 trillion in 2024, a 9.4% increase from 2023, driven by conflicts in Ukraine, Gaza, and Lebanon; Germany's spending rose 28%, exceeding other Central and Western European nations, while the US spent $997 billion (37% of the global total).

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Germany Overtakes Western Europe in Military Spending

Germany's defense spending increased by 28% to €77.63 billion in 2024, surpassing other Western European nations and placing it fourth globally, largely due to a €100 billion special fund; this is part of a broader European trend of increased military spending driven by Russia's invasion of Ukraine ...

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Putin Prioritizes AI Integration into Russian Military Operations

During a Military-Industrial Commission meeting, President Putin announced Russia's military will prioritize AI integration, especially in unmanned systems, backed by the deployment of over 1.5 million drones in 2024, with 4,000 FPV drones delivered daily to the front lines.

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Spanish Coalition Divided Over €10.471 Billion Defense Budget

Spain's Council of Ministers approved a €10.471 billion defense investment plan for 2023, facing unanimous rejection from coalition partner Sumar who criticizes its lack of transparency, coherence with broader strategic goals, and excessive focus on traditional defense, potentially destabilizing the...

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Spain's NATO Military Spending Commitment: Discrepancies and Challenges

NATO Secretary-General Mark Rutte asserted that Spain aims to reach 2% of its GDP in military spending by this summer, a claim later downplayed by a senior NATO official, while Spanish President Pedro Sánchez offered a less precise commitment before 2029; however, reaching this goal by summer is con...

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Showing 25 to 36 of 56 results